Vocabulary: Insourcing: Two companies coming together to get a product to a customer; hiring another company to do a global supply chain Logistics: the planning and coordination of the details of a business Global supply chain: system of transportation that moves a product from the company to the consumer Synchronizing: to occur at the same time; operate in unison Algorithm: step by step procedure for calculations
Summary:
By insourcing, UPS is streamlining the process of packaging transportation. UPS is hired by businesses of all sizes to do their supply chain to make the business more efficient and quicker. UPS has taken control over the shipping and packaging of businesses such as Nike. This allows businesses to do more research on new products and for employees to get more things done. UPS will also do customer computer repairs for Toshiba at its airport hub in Louisville. Most of the packaging happens at the airport hubs. Current Event: Insourcing Article Our Response: Apple and GE are insourcing jobs back to America. This is happening because the cost of labor is rising in China and India and the rising price of oil. This is creating more jobs in the United States. Insourcing is also providing better customer support and service.
Vocabulary:
Insourcing: Two companies coming together to get a product to a customer; hiring another company to do a global supply chain
Logistics: the planning and coordination of the details of a business
Global supply chain: system of transportation that moves a product from the company to the consumer
Synchronizing: to occur at the same time; operate in unison
Algorithm: step by step procedure for calculations
Summary:
By insourcing, UPS is streamlining the process of packaging transportation. UPS is hired by businesses of all sizes to do their supply chain to make the business more efficient and quicker. UPS has taken control over the shipping and packaging of businesses such as Nike. This allows businesses to do more research on new products and for employees to get more things done. UPS will also do customer computer repairs for Toshiba at its airport hub in Louisville. Most of the packaging happens at the airport hubs.
Current Event:
Insourcing Article
Our Response: Apple and GE are insourcing jobs back to America. This is happening because the cost of labor is rising in China and India and the rising price of oil. This is creating more jobs in the United States. Insourcing is also providing better customer support and service.